the air. but the industrials off nevertheless 150 points. jeff, it's been great having you here. >> it's been a pleasure, ty. >> one stock to buy next week? >> anadarco. with the oil coming down year-to-date 9%. >> contrarian play. sue, have a great weekend. that will do it for "power lunch." >> you too, ty, "street signs" begins right now. and welcome to "street signs." really where it's a red letter day for your money, the good feelings from our four-year high fading as we head to the close, we've got your markets covered from all the angles. and by now you know the jobs report was nothing to write home about, but we are tracking a stat that may provide job seekers with a little bit of real hope. the fight over yahoo! being taken up a notch. hedge fund founder ceo dan loeb calling for firing immediately. and flipping house to make money is no longer on ice, ice baby. we'll rap on this with a thing or two, vanilla ice is your

special guest, mandy. >> two hours to go in what has been a pretty wild week for your money, the dow as brian mentioned dealing with a triple digit fall. a pretty rough end to the week for the s&p as well. down more than 2% for the week. southwestern energy the biggest loser there. and on the nasdaq red across the board. apple is keeping struggling down as well down another 2% today. apple did hit a high of $644 on april 10 9. also keeping an eye on oil solidly in double digits. crude trading around $97 a barrel. convincingly pushed below the $100 mark. in the meantime here to help us make sense of what's happening on this friday slide on the street, we'll speak with president of first commonwealth financial advisors in pittsburgh along with our very own bob pisani and rick santelli. bob, we have talked many times about the average investor, the retail guy who has not been very

enthusiastic about the stock market probably for over a year now. and now we've had a spread of weak economic numbers on top of that today's jobs number. do you think he's going to be even less enthused now? >> i wish i could say the glass was half full here, but i tend to agree with you. we've seen retail participation meager and weak since the rally in september. mandy, i don't see any more reason to be enthusiastic even if we come off our highs given the uncertainty and particularly wlast going on in europe right now. >> rick, what are you watching in terms of the reactions to the jobs number? >> i like some of bob's comments. let me dig deeper. when i look at the electronically traded s&p contract in futures, 80% plus of that activity is high frequency trade. if i look at the big s&ps traded in the pit, it lost about 8% of its open interest midweek. if you look at trim tabs in terms of mutual fund activity

into equities, i think that for the same reasons today we see stocks down even though some headlines our best unemployment rate in years, people get it. they feel that the equity market is overpriced for the type of world they see. i'm not saying whether they're right or wrong. and some of the jobs information is much too optimistic compared to what they feel and what their friends are going through. and i think that's an important dynamic. >> not a great way to end the week, but, gentlemen, you have great weeks. i think bob might be sticking around too, who knows. all right. >> well, we have rick applegate joining us. >> i'm sorry. i need to tighten up. it's friday. i'm already on the weekend. >> the president of the first commonwealth advisors. rick, thank you very much for joining in on the conversation. i want to ask you, i would imagine a lot of your clients have called you and said what's up with the jobs number. >> you're right. we have not fortunately had a lot of calls, but we're going to be shaping a lot of expectations

come monday. we just completed sending out our first quarter results with rates of return and our comments being that we think the next two quarters are going to be difficult with some of the problems coming at us from europe, from the shrinking of the economies and the uncertainty of our own in the summer months ahead. >> i want to ask you though in terms of qe-3, it feels to me like the market is saying, okay, it was a weak jobs number but maybe not weak enough to get more stimulus from the fed. what do you think? >> i totally agree. bob's been making that point all along here today. and i would concur with him that not enough weakness because keep in mind we saw a very healthy bounceback in the february and march numbers. that could be applicable to april come some time late in may or early june when they revise these numbers today. so we might see a healthy bounce of 20,000 jobs, perhaps, takes us back to the 135-range. some people won't feel so bad about that. >> i don't think the fed's nonmove on qe-3 yet has anything to do with jobs.

i think it has to do with $100 oil. you're not going to cut rates with $100 oil unless you want oil to go to $200 a barrel. but rick said something, rick santelli mentioned something just a moment ago. he said unless you think the market is too expensive for this type of world. do you think given what we're facing every day that the market overall is too expensive? >> well, i think that what he's referring to is to whom one is going to have the ability to sell products at large. and i think that that world is shrinking at this moment. we have 11 countries in europe in recession. and we're going to hear more about what's going on in france and greece over the weekend as you've reported. but i do think though what we see is fairly healthy continued demand here in our country. we're going to be waiting to see how consumer sentiment and attitude about retail spending picks up or not in the months ahead. but what we do like are the companies out there that have fairly strong consistent cash flow like some of the companies that we're seeing do well today. visa, walmart, coca-cola and similarly general motors --

>> walmart -- whoa, you're not worried about the bribery allegation? >> no. not in the long-term. and, again, we're going to be long-term investors here. we're not trying to buy short-term and pick up on a few points. we're going to buy good quality companies that have a reputation. this will be settled. it will be behind them and people will move back to the discount situation if they feel that we're slowing up in this economy. >> we're 4% from our highs on the s&p. and the one thing we can see here with all these uncertainties didn't start today. the s&p is 4% off of its highs. we've had good earnings so far. the numbers have come in much better than expected. we have very modest expectations for the second and third quarter as you know. is this modest drop that we're getting going to interest anybody? is there a level at which people will buy the bounce? >> that's a really interesting question. it has been hard to get our investors and the broad market investors interested in this market, as you know by the volume that we've seen traded even since last quarter of 2011. we continue to see very low

volume. we've had a great run-up in the first three months. i think it will be hard to get them into it now. but there's great opportunities at hand. we are not going to give up hope that we can get people aware of the fact that there is tremendous opportunities given the very strong earnings that we just came off of and a price drop, you've got some fairly nice p/es to look at. >> okay. we have to leave it there. but to both of you, thank you very much for joining us. rick santelli, earlier on, thank you to him as well. >> all right. another day, another shot across the bow of yahoo!. one day after accusing yahoo! ceo scott tompson having a degree he did not earn on his resume, dan loeb now calling for his immediate termination or face what he calls "further action" without defining that. but loeb -- rather third point is the laerjest outside shareholder in yahoo!. joining us online is eric jackson. some people say not a big deal. dan loeb says scott thompson

needs to go. what say you? >> i'm totally in dan loeb's camp on this. there's just no way if i work at yahoo! and i see scott thompson come in and give a talk to me from now on, i'm going to see his lips flapping, but all i will be thinking about is why in the heck would you make up a major you took one course in in college? who does that? i think he has no credibility in the eyes of the employees. and i think shareholders, you know, feel a sense of betrayal. not just with him, but with patty who picked him and apparently no vetting process that went on before giving him the top job. >> so if shareholders want to see thompson go, who do you think they would like to see in his place, eric? >> well, i think it's too early to say. i think the first thing that needs to be done is there needs to be a clean-up of the board. i think dan loeb and the three other nominees he's put forward should be put on the board right away. i think they're going to obviously the board's going to have to decide who to pick.

i think there are some internal candidates. there's an external candidate. >> eric, this is herb. what i think is interesting here, and brian, as we talk about this, it gets simpler. they must have a policy there about lying on resumes for any employee. and that goes to the ceo at any company. and you and i have both seen this. you had herbalife, ousted for lying on his resume. david ed monson on radio shack ousted for lying on his resume. it's a history in corporate america, when you're caught lying, you have to be out because it sets an example. this is a company that does not need this at this time. but what i can promise you is that dan loeb, who i know going back to the '90s, he ain't going away. if you push him, he's going to push harder the other way. and my guess is dan loeb will outlive scott thompson at this company. >> you know, it goes even worse than the lying about the resume. i mean, there is a policy, herb, in place, you are right.

that he was in defiance of obviously. and that does send a message. >> yeah. if there's a policy in place, that's it. >> but he also serves on two other public company boards. as well as two other private company boards. yahoo! has an explicit policy that no executive can sit on more than one other outside board. he's been in conflict of that. >> sorry to jump in on you. i have to bottom line it here. what do you think though dan loeb can do? he threatens, "further action." yeah, he can buy more stock. but what power does he really have here? >> well, it's going to be the power of the shareholders. i think everyone's just kind of disgusted after the last five, six years of this company this is the worst corporate board in america. this latest just only serves to remind people, yeah, some of the old fud di dud dis are leaving the board or have left the board. but this is still a dysfunctional board and they shouldn't get to pick their successors. >> so if i'm at home and i own

yahoo! stock, what do i do? dump it immediately? do i save it and try to ride the dan loeb train? >> this is -- there's so much bad news priced into this stock, you'd be crazy to get rid of it here i think. i think there's only upside from here. >> eric jackson, a real pleasure. thanks for joining us on such short notice. have a great weekend. >> thanks. >> silver lining for today's jobs report. wall street selling the headline, but we'll tell you the real number that everyone should be looking at. plus, trading the tech titans you need to keep an eye on before their earnings cross the tape. and black sheep bargains. a bunch of stocks hitting new all-time highs this week. distant relatives to these standouts are getting left behind. how you might cash-in on these so-called cursed cousins when "street signs" returns.

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all right, folks. the monthly jobs numbers were out this morning. here's the bottom line. they stunk. but there's more to the story than just a headline. digging in before people say maybe the worst single part of that report. and that is another drop in the labor force participation rate. in fact, this takes it back ten years, right? this is job openings first off. these are the number of openings in the united states right now. you can see during the great recession of course it drops. we've seen the number of job openings increase.

here's the problem. the labor force participation rate, the number of people working or actively looking for a job is rolling over. in other words, people are simply giving up. but what's interesting and there's been a lot of debate about this, guys, but what's interesting is even as that number goes down, the number of job openings is now close to 3.5 million. so there's a disconnect here, right? why aren't more jobs being added when we're clearly seeing job openings? well, sage works might know. just released a survey showing private companies are still simply too nervous to add more employees. let's find out what else they found out. brian hamilton, sageworks ceo joining us along with steve liesman. before we go to brian hamilton, i want to go to steve. a lot of stuff's been made about this labor force participation drop off. to me it says plainly, either there's a skills gap, a geography gap or people simply don't want to work. what is it? >> i guess the best explanation i have is the latter one. i would seriously revise that as

the last option there, brian. that's because one reason why the participation rate is falling is because the population is ageing. something like 10,000 baby boomers retire every month now or something along those lines. and those people in the upper age brackets or higher age brackets tend to work less. that's one part of it. i think another part of it is discouraged workers, the skills gap, the geography gap. i did some work on this. about half of it has to do with demographics. this actually goes back about 12 years the participation rate's been declining, brian. >> today, brian hamilton, the interesting thing, you've said this before the whole idea of job creation is essentially how business owners feel about their business and feel about their sales and what they see in terms of their earnings. we've just been going through an earnings season generally better than expected. why the disconnect? why are they not feeling strong or confident enough to hire more? >> well, paradox completely, right? private companies, which create most of the jobs, have sales

going up, profit margins are improving, profits are improving. over the last 18 months we've got a good strong trend. but here's the thing, they still have anxiety about where we are right now, where we're going to be and this whole recession thing has had a lagging effect. so we've got this anxiety or nervousness. until we get that out of the market, you know, if you're running a business, you're thinking what is my business going to be like a year from now? if you don't feel good, you are not going to hire people. >> brian, i love you and your data, but we're showing also the government says there are more job openings. that there are jobs that are available that are clearly not being filled. i think i'm a little more interested to know why we have millions of unemployed but millions of job openings. >> right. >> what did steve miller say? feed the children, put shoes on their feet? give them a job. what's the problem here? >> right. there's one other factor. and steve eluded to it. our efficiency as a nation keeps

going up, right? our profit per employee keeps going up. so we're using technology, we're using knowledge and we're getting better. and these companies are doing okay without more people. so it's a little alarming -- >> that's not going to go away -- >> let me talk to you about this chart up there that i brought -- it's gone. darn it. i'm too late. what that chart showed, mandy -- so nice in the back they put it up again. that chart is showing us we have the surge in productivity after recessions. what happens is the productivity rolls off, small business starts to hire again. it does not answer your question about why the job openings are unfilled. it could be there are regulatory and health care concerns, which are some of the taxes or political issues out there. another issue that's critical, some people are stuck in their houses. they cannot sell them -- >> that's what i was going to say the geography gap.

>> maybe as much as you would like to have a single answer, it may be a whole bunch of reasons that explains it. >> but brian hamilton, your point, and steve shows, hey, listen, it takes a long time to get the jobs back. your point is this is taking a lot longer than usual. is technology to blame? we always say it's a job driver, is technology to blame in some respects? >> right. no question about it. and, look, we got to look through history. over the past 60 years we are 34 months into solid expansion and that unemployment rate has stuck. so like steve said, there's no easy answer. but really there's still anxiety. guys, you have to understand, if you're running a company, you're one of 27 million people running a business, you are looking at where you are right now, what are your sales, where you just got out of. remember, your sales went down by 5% during this great recession. and you're looking out at the political environment. if you are nervous, you're not going to hire people. but, remember, there is, you know, real trouble right now

today. we don't know where the future's going to be because that 8% is still stuck. and it's really historically quite rare, actually. >> okay, brian -- >> i think it's also important to point out that steve miller also said do-do-do-do-dodo. you selectively quoted steve miller. >> that's right. it's friday -- >> i want to point that out. >> it's 5:00 somewhere. >> thank you, steve. thank you brian hamilton. just ahead on "street signs," how female tech titans are giving new meaning to the term valley girl. and later on i trust you will flip over who is flipping houses, vanilla ice will join us to talk about his reality show and how he is trying to remodel the reality market. yeah. "street signs" under pressure back after the break.

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happening. >> sully, listen, fascinating movements in netflix. just going in the green. of course the stock's been pummelled of late. and whitney tilson told scott wapner he's been buying all the way through. a stunning reversal on a down day. it's just been on its own. netflix now up 0.04%. now back to you. >> thank you, brian shactman. the broader averages are all the disaster du jours. so we're going to skip that altogether today. we're going straight to sunshine. leapfrog is our sunshine stock. it's up around 15% today. and for the year it's surged or leapt, if you'll excuse me, around 85%. elsewhere, facebook's the it disrupter company as well. twitter as well. all created by men.

in silicon valley there's actually a group of young women trying to give these men a run for their money. jon fortt is live in the tech novation challenge. >> got more sunshine for you, mandy. we have 20 young ladies here who competed in the challenge that culminated last night. actually, i'm here with tara who is the organizer, ceo of iridescent that helped put this together. tell me, why is this important to do? you're in your third year here. what are you driving at? >> we want entrepreneurs to bring their solutions and perspectives to the world. and giving them access to technology really multiplies their power. and bringing computer science, technology and entrepreneurship. we want to give these experiences very early onto girls so they can say, yes, i can do this. >> let's start with the girls. lisa, you are a freshman from l

alba albany, california, what does your app do? >> study cafe is basically a virtual flash card application where students can study in a.p. science using pre-made audio-visual fact cards. studying can get kind of boring sometimes. we decided to throw in a virtual world where you have a cafe, you can visit other friends and socialize by running your own personal cafe. >> so you're studying which is good because you need study help. and you're from mountain view, right here, local. i asked you if you walked here, but you didn't. what does your team's app do? >> 5,000 people die from underage drinking every year. and our app intoxication station is here to prevent that. for every single drinking-related consciousness, unconsciousness, out of control acting, puking, for every single one it gives you step by step instructions.

>> on how to avoid that, i take it. probably some of our anchors could use that app as well. we look forward to that coming out. >> not naming names of course, jon. >> not at all. >> it's great stuff those ladies are doing. thank you very much, jon fortt. >> all right. on deck it is a sea of red out there, but we found one red arrow that can save you some green. we're going to tell you what that is coming up. >> and later on talk about loan shark job offer. how social media landed this guy the interview of a lifetime. "street signs" back in just a minute's time. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents.

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well, that saying sell in may and go away, is rearing its ugly head. it's a bit of an old move for the stock. down more than 2% over the course of the week, one name taking a big hit here, no sunshine for first solar. trading at an all-time low trading down nearly 50% year-to-date. >> we're going to bring the chart up there, but i guess we're not. first solar at an all-time low. there you go.

the story keeps getting worse and worse and worse here. one of the analysts i talked to says this is a race to the bottom in terms of pricing. we've seen a number of bankruptcie bankruptcies. first solar trying to compete on price, margin getting compressed, revenue taking a hit. and gordon johnson, we have to give him a shoutout a number of months ago he called this move and said short the stock. >> pretty bearish on the whole sector. prudential is the biggest loser down nearly 14%. we have it up on the board. >> the thing about prudential is this is not some high flying valuation tech name or even a green mountain or whatever. this is a financial company, an insurance company, newark, new jersey, based. it does not have a high valuation especially inside of its group. at the same time we're seeing prudential trade in some ways like a higher flier that is coming down to earth. >> there are nonetheless a few gems that we've found for you. they're bucking the bears right now and hitting new highs. u.s. airways is one of them. it's at a 52-week high up nearly

5% this week alone. headway in its quest to acquire american airlines is one reason for that move. >> you've got that. obviously they're going after american, but probably the move in lcc is related to the fact oil is taking its biggest single drop this year. >> wind is a crucial factor. but this is the silver lining. this is of course one of the phillips of today's jobs number and that is that oil prices are coming down and it will help the global economy. i know you've been watching this company. >> i do. hain celestial bought an organic soup company in ireland. automatically you know their products are fantastic. clearly, right? >> related to your ancestors back in the homeland. >> cully and sully. >> they're no longer with us. they lived a short life but

merry. >> okay. let's get to market flash that you will scream for from brian shactman. >> it just sounds like something from family guy and the peter griffin family history. i've been watching sotheby's ever since about 1:20 p.m. eastern time when they got an upgrade to buy. what a week this company's had. edvard munch's "the scream." >> oil dipping into double digits. brent crude dipping below 200-day moving average. sharon epperson at the nymex with the energy close. >> we're looking at a $4 drop here in crude oil prices. and it is the biggest one-day drop of the year here for nymex crude futures. we have ample supply. we know demand has been falling. we also know that the risk premium from iran has been lessening as they're doing more negotiations. what traders here are really concerned about is what could happen in europe over the weekend and what that will mean

for the eurozone, the political landscape based on the france and greece election. so that is what they're watching very carefully. and part of the reason why we're looking at oil prices right now at their lowest level since february. we also have some technical, sully, you mentioned the 200-day moving average for brent crude, we are below that mark. in the week ahead traders will be looking at the 96.30 level. the good news, yeah, you talked about it. what does this mean for the economy? gasoline prices coming down. and perhaps they've peaked for 2012. back to you. >> sharon epperson, thank you very much for that. let's look at some of the potential market moving events next week. on tuesday we've got at 10:00 a.m. the jolt survey. this is something we need to watch obviously in light of the jobs number today. this is the job openings and labor turnover survey. and after the bell you have some news out from mickey with disney earnings. hump day, 10:30 a.m. crude inventories after the bell and cisco's earnings and

priceline.com. we're to the week before the bell we have earnings from sony, 8:30 a.m. we've got some economic data in terms of initial weekly jobless claims. also at the same time the trade balance. and at 9:30 a.m. we've got big ben himself stepping up to the plate. he's going to speak at the 48th annual conference on bank structure and competition in chicago. strap yourselves in guys. as for friday, end of the week, 8:30 a.m. ppi will be coming out. a number of things on deck coming out next week to chew over over the weekend. >> can you make an asterisk saying here's the days we're coming in earlier, you know, that type of thing? mandy, thank you. berkshire hathaway's meeting is kicking off tomorrow. it's the first meeting since warren buffett announced he's been diagnosed with cancer. becky quick is there live and she's already had the chance to speak with warren buffett. welcome. good to see you. what were the key takeaways from your talks with warren? >> you're right, brian. this is the first time we've seen him since he made the

announcement about prostate cancer. he looked great last night. he said he felt great too. people want to know what the oracle of omaha is thinking. i know today the markets are down, but earlier this week you're looking at the dow at a four-year high. that got us thinking about things, wondering if he really loves stocks still. now, he does like stocks, but there's another investment he likes better. take a listen. >> i think stocks are attractive, but houses are down a lot more than stocks are down. i love owning stocks. and i can't own thousands of houses. i can't manage one very well. but it's a very attractive way to borrow money for 30 years. you can't go out and borrow money for 30 years against a stock that you own and not have a margin just by making monthly payments. >> guys, the other thing he pointed out with that is when it comes to a house, you only have to put down 20%, you can borrow the other 80%. that is a huge advantage for an

individual investor who is ready and willing to take care of a property. >> becky, before we let you go, i understand you spoke earlier today with berkshire vice chairman charlie munger. what did he say? >> you know, charlie said a lot of things. in fact, we talked to him for 35 minutes. we're going to have the full interview up on the web. you can go to it at cnbc.com to see more. but he pointed out many things about succession plans. he says he feels very comfortable with where they stand right now. with that said he doesn't think prostate cancer is a big deal. he hasn't even allowed them to check his psa levels. doesn't think it's important at this point. we talked to him a little about some of the investments. you have probably heard there was a big article yesterday on "the huffington post" laying out this theory for the jelly donut theory for the fed. that was being used as a reason for wlie you should buy gold right now. at least that's what david einhorn is saying. he would like to buy gold because he doesn't trust the fed. we talked to charlie munger

about that, and he is not as big of a fan when it comes to gold. in fact, gold bugs, listen up, here's something that will drive you nuts. >> i think gold is a great thing to sew on to the garments in 1939, but i think civilized people won't buy gold. they invest in productive businesses. >> all right. let's talk about some of the productivity businesses you see right now. >> well, i love the portfolio we've gradually developed in berkshire. we just have a wonderful portfolio in business. and by and large they're doing productive work. it's not outsmarting the computer systems and the trading markets. >> over the last four or five years you've changed that portfolio pretty drastically with some of the major acquisitions that have come

along. burlington northern, did you intentionally set out to change the portfolio? >> we've always been opportunistic. >> what does that mean? >> well, it's carlyle. the task of man is not to see what lies dimly in the distance but do the duty that lies clearly at hand. >> guys, i asked him if do the duty at hand if they had seen any other acquisitions they're on the prowl for. he didn't fess up to anything at the moment. again, it's a 35-minute interview. you can check it out on cnbc.com. if you are willing and patient, you sit through it, you'll find out who he calls a piker. back to you. >> there's a great tease. now i really want to tune in. >> becky has done this tv thing before. >> just a couple of times. >> i get the feeling. don't break into con agra. i know it's right there. >> thank you so much, becky. we're going to make sure to watch your special edition of "squawk box" on monday morning. warren buffett will be live from 6:00 to 9:00 a.m. eastern. if you have a comment or

question ahead of that, you can tweet@cnbc. we're going to be blogging live on cnbc.com's warren buffett watch. >> we're also going to have a pigeon that will take notes -- or that was a raven. >> coming up. >> all right. "street signs" continuing coverage of the friday down markets and whether some of these downers might be stocks were buying down the road. >> and we're rapping with vanilla ice about fixing and flipping homes. he's been doing it for years. he's even got a reality show. we're going to ask him where else he's investing all that ice, ice baby money. carfirmation.

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♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ brian shactman here at the markets desk. as when he had back toward the lows of the session, i want to point out arcos, french, that's spanish for golden arch, the world's biggest mcdonald's

franchisees based in latin america. they had an all-time low on 12 times average volume. then this afternoon they got a downgrade to underperform at bank of america, merrill lynch. so off the lows but down 16.5%. i don't know if you can do better than that. >> happy quatro demayo. >> thank you. >> what's going to stabilize this market? only a sliver of green at the top there. senior managing partner at meridian equity partners joins us now. are you taking risk off the table, or is this your buying signal? >> you know, it's kind of a combination of both. and it depends who you are. if you look at the markets now, i think this is good for what we need. this market needs a little bit of a shake-up. we haven't seen something like this in a while and the market is currently trading at the lows of the day. that's showing me there's serious pressure on this market. investors are taking short-term

profits off the table. we haven't had any real shake-up headlines coming out of europe in the past few days. i think we're all waiting for another headline to come out soon. risk is coming off the table. but i think what's going to happen is we're going to find the bottom, find a range here. and there might be opportunities coming up in the next week or so to pick some spots on some certain stocks or sectors. >> like what? which sectors? which stocks? >> i think you have to look in the technology sector. clearly with what's happening with facebook out there and social media, just the headlines that are out there is going to spark some interest that's there. i think you'll have to look in some of the energy sectors there. we've had a couple of m&a activity that has sparked interest there. so looking in those areas there might be opportunities coming up. >> okay, thank you so much to you, jonathan corpina. >> thank you. >> we are global. just got a tweet who says go easy on the cully and sully soups. thanks for watching. take care of my people. >> that's fantastic. >> well, it was all the rage before the housing collapse. we heard yesterday that flipping homes is making a comeback in

georgia. but guess what? it's also hot in parts of florida where the reality show "the vanilla ice project" takes place. that's right. you heard him. the musician, he is now very successfully buying, fixing up and selling homes and he has a hit tv show as well. rob van winkle joining us live from las vegas. you made a lot of money, right, early in your career? you had a lot of big hits in the beginning. you were rolling in it. is this more profitable than music? >> you know what? they're both pretty good to be honest with you. the great thing is i found another passion that does make money. but i enjoy myself as well. i've been doing real estate now for 15 years. and it's evolved. and the good thing is is that most people want to hear, is it back? is it great today? i think it's better than ever. i think the most important thing is that yesterday's history, tomorrow's a mystery. take it day-by-day. and know your markets.

it's very important. >> why do you say better than ever? someone who has the cash pick up stressed assets foreclosed homes, that kind of thing? >> absolutely. listen, it's evolved. it's not what it used to be. that is correct. the short sales, foreclosures are great but tax auctions are even better. i bought the season three house on a tax auction. if no one's bidding against you, you can steal the homes for pennies on the dollar. the important thing is to know your location. same as the stock market. it's more important than ever today. a lot of these homes people see them everywhere california to new york to miami and in between, they're sitting three or four or five years just rotting. people don't understand why they don't want to sell them. well, the short sales and foreclosures, you go to call these banks, they're understaffed, nobody returns your calls. they're not that easy to get.

>> what you're saying is, rob, you got to work like a dog to get this stuff done because you're dealing with all the red tape and bureaucracy. i've seen some of your homes. you had a glass elevator in one. these are big homes with all kinds of wallpaper, luxury stuff you're doing. what's the average cost of a home you're selling after you get done with it? >> well, i mean, i'm in the millions. i'm doing the mansions now. but, you know, i didn't start there. i worked my way up. i also do commercial real estate and smaller things like condos and everything. but, you know, they're not on tv. but, you know, diversify. that's the whole thing. and, you know, for tv, the mansions look better. but in palm beach, that is what the area is. >> right. >> there's a lot of money in palm beach. and i know my market there. i don't drift away too much from that area because i know it very well. and i think that's very important. you know, there's homes that are setting back further from the infrastructure that might be on a bigger piece of property or a bigger home. and they look very appetizing,

but if you do the statistics, people are moving out of those areas. so you might want to stay away from those, you know. people want to be closer to the infrastructure of not just schools but airports, restaurants, shopping malls. and they don't want to commute anymore. and, you know, with gas prices where they are -- >> right. >> it makes them want to go there even more. >> you sound like a savvy guy. which brings me to my next question. you've mentioned locations many times during this interview. it's not always location, location, location. which place looks most attractive to you right now? which market? >> like i said, i like palm beach. florida's hot. a lot of the areas that got hit hard during the housing downturn are some of the first areas to come back out of it because they were desirable then and they're desirable now. they just got hit with a bomb there for a minute. and they're still desirable. people like the homes with a lot of fungshwa.

outside is very important. i put outside with a tiki hut to represent we're outside in florida. it's very important. >> i know you make your homes smart as well. state of the state-of-the-art technology. mr. rice, raw, vanilla, whatever we like to call you, thank you for joining us. let's look at scripps networks. joining the all-time high club today in today's down market. the company also owns hdtv and the travel channel. >> we're hunting for black sheep bargains. stocks related to high-flyers, we're doing it today and it's coming up.

the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community.

at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in new credit to small businesses across the country last year. because the more we help them, the more we help make opportunity possible.

well, like members of many family, continuing to hit all-time highs, the company is becoming the black sheep. stocks like sketchers, procter &

gamble, hormel, avon and travel zoo all missing the boat while others in their space, mandy. rock on. >> is it time to end the feud and bring the family back together? joining us now is our analyst. lauren, ladies first always on "street signs." it's really interesting because you say procter & gamble is undervalued right now can you explain the paradox? >> sure. thank you for having me. the top line is still slow, volume is weak. not a lot of good news here. it's been very frustrating for

analysts. it's pretty significant and what i think they can do, they are worth $75 a share. i think they can do it. i think they have to. >> lauren, scott, thank you. if you look at a chart of sketchers versus nike -- >> there was a bond drop on it. it's been 18 months since they had any good product. inventory was high. it's taken until now to really see a future. we wrote a note a week before they were reported. a retailer doesn't really carry sketchers. the single biggest surprise of

the spring. >> like the reference there, scott. what would it take for you to upgrade the stock from hold to buy? >> earnings power is still in question. expenses are still very high. this is a company built to do $2 billion in sales and her looking at doing 1.4, 1.5 billion. as you look out to 2013, if they get the expenses in line, the top line is going to follow. >> scott, thank you very much. have a great weekend. >> thanks. >> you want to cash in on social media? take a page out of this kid's playbook. you might remember seeing this video of uncanny tanny, according to him. he posted this on youtube and it's landed him an interview of a lifetime. he was a d-3 quarterback out of

monmouth college, new jersey. you can see he's got mad skills and you know that girls only want guys that have skills. >> girls like skills. let's take a quick look at the markets. they are really tanking today after disappointing jobs number which was way lower than we were expecting. the dow was only barely above the 13,000 mark. s&p 500 is currently down by 1.6%. so far this has been a sell in may and go away. >> it sure has. not a great start. but a long way to go. it's only quatro de mayo. >> does that mean that tomorrow is cinco de mayo? >> "closing bell" is next. take care. take care. harles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones.

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